USDCHF: Resistance will again be seen at 0.9380/90
|USDCHF: 0.9347
US$Chf has had a choppy session and is ending the day a little lower, albeit without any major change in the outlook.
1 hour/4 hour indicators: Turning higher
Daily Indicators: Down
Weekly Indicators: Turning lower
Preferred Strategy: As before, the longer term charts look heavy, and if the support at 0.9288 does get taken out we could head quickly to the August 2015 low at 0.9257, below which there is a black hole until around 0.9150.
The shorter term charts though look a little more positive though, and on the topside, resistance will again be seen at 0.9380/90, a break of which could see the dollar carry on to the 26 Jan high 0.9430. Given the momentum of the 4 hour charts buying dips for the next 24 hours is preferred.
| Resistance | Support | ||
| 0.9475 | Minor | 0.9325 | Minor |
| 0.9452 | (23.6% of 0.9977/0.9288) | 0.9310/03 | Session low/ 26 Jan low |
| 0.9430 | 26 Jan high | 0.9288 | 25 Jan low |
| 0.9392 | Session high | 0.9257 | Aug 2015 low |
| 0.9375 | Minor | 0.9210 | Minor |
Economic data highlights will include:
Trade Balance
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.